Text Size:
A+
Mumbai: Shares of companies controlled by billionaire Gautam Adani recouped a part of their day’s losses after refuting a local report that said accounts of three Mauritius-based funds that own the group’s stocks were frozen.
The Economic Times reported Monday that National Securities Depository Ltd. froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund. It said the action was probably due to insufficient disclosure of information regarding beneficial ownership, citing people it didn’t identify. The report sparked a selloff in shares of six listed Adani firms before the ports-to-power conglomerate rebutted the claims.
Adani Group stocks: Barred or not? Adani investors fret over three Mauritius funds
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Adani Investors Pain Point: Opacity Over Ownership
ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
Adani Enterprises Ltd has added 11.57% over last one month compared to 7.52% gain in S&P BSE Industrials index and 6.69% rise in the SENSEX
Adani Enterprises Ltd fell 15% today to trade at Rs 1361.25. The S&P BSE Industrials index is down 3.69% to quote at 4620.19. The index is up 7.52 % over last one month. Among the other constituents of the index, Bharat Heavy Electricals Ltd decreased 14.96% and Adani Ports & Special Economic Zone Ltd lost 14.53% on the day. The S&P BSE Industrials index went up 105.56 % over last one year compared to the 53.91% surge in benchmark SENSEX.
Adani Enterprises Ltd has added 11.57% over last one month compared to 7.52% gain in S&P BSE Industrials index and 6.69% rise in the SENSEX. On the BSE, 1.07 lakh shares were traded in the counter so far compared with average daily volumes of 5.71 lakh shares in the past one month. The stock hit a record high of Rs 1718.45 on 07 Jun 2021. The stock hit a 52-week low of Rs 141.1 on 12 Jun 2020.
Adani shares fall as accounts of 3 Mauritius-based funds owning the group’s stocks are frozen Nupur Acharya © Provided by The Print
Mumbai: Shares of some companies controlled by billionaire Gautam Adani plunged after a report said accounts of three Mauritius-based funds that own the group’s stocks have been frozen.
The National Securities Depository Ltd. froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund effective May 31, according to the NSDL’s website. The action could be due to insufficient disclosure of information regarding beneficial ownership, the Economic Times newspaper reported on Monday, citing people it didn’t identify.